Post by
oldtrouf on Oct 03, 2024 10:33am
POET getting hammered again
Looks like the market has caught on to the MMCAP financing charade. The paid for spam youtube videos. The cheap flash financings. The shorting. And of course over a decade of zero revenue. The next flash financing will likely be in Jan 2025. Watch for more "partnerships" and "collaborations" as they try and pump up the stock and repeat another cycle. There will be no revenue in 2024. Everyone knows it.
Comment by
spygate on Oct 03, 2024 10:37am
and ofcourse the lead up to another financing 6 months down the road...just to ensure lofty salary's are paid for the rock star management team
Comment by
maestrodrumboe on Oct 03, 2024 11:03am
I believe that the infamous Paid for Utube Video, was paid for by a third party.jus.wonder who that could have been.anybody hane any ID???????.lmSo
Comment by
JACKTHEBEAR2 on Oct 03, 2024 11:40am
Just the opposite,Poet is holding up well considering it's history you would expect it to have dropped to low $5 range after a raise but it's not happening. Time to readjust in and out levels. Nice to see.
Comment by
wintersun10 on Oct 03, 2024 12:07pm
it closed the day they announced. if you let a financing hang out there for weeks and let the shear price fester it will keep on dropping.
Comment by
lscfa on Oct 03, 2024 2:21pm
MMCAP not really an "investor". More like a reseller similar to underwriter doing a bought deal.